@article{(Open Science Index):https://publications.waset.org/pdf/3259,
	  title     = {Role of Investment in the Course of Economic Growth in Pakistan},
	  author    = {Maqbool Hussain Sial and  Maaida Hussain Hashmi and  Sofia Anwar},
	  country	= {},
	  institution	= {},
	  abstract     = {The present research was focused to investigate the
role of investment in the course of economic growth with reference to
Pakistan. The study analyzed the role of the public and private
investment and impact of the political and macroeconomic
uncertainty on economic growth of Pakistan by using the vector
autoregressive approach (VAR). In long-run both public and private
investment showed a positive impact on economic growth but the
growth was largely driven by private investment as compared to
public investment. Government consumption expenditure, economic
uncertainty and political instability hampered the economic growth of
Pakistan. In short-run the private investment positively influences the
growth but there was negative and insignificant effect of the public
investment and government consumption expenditure on the growth.
There was a positive relationship found between economic
uncertainty (proxy for inflation) and GDP in short run.},
	    journal   = {International Journal of Economics and Management Engineering},
	  volume    = {4},
	  number    = {6},
	  year      = {2010},
	  pages     = {668 - 672},
	  ee        = {https://publications.waset.org/pdf/3259},
	  url   	= {https://publications.waset.org/vol/42},
	  bibsource = {https://publications.waset.org/},
	  issn  	= {eISSN: 1307-6892},
	  publisher = {World Academy of Science, Engineering and Technology},
	  index 	= {Open Science Index 42, 2010},
	}